Nvidia Commits $105B Financing and $1.5B Equity for OpenAI's Ohio Data Center at PORTS-Pike Campus

Nvidia invested $30B directly in OpenAI equity (February 2026)

In February 2026, Nvidia separately invested $30 billion directly in OpenAI — in addition to the $105B credit backstop for SB Energy and the $1.5B SB Energy equity stake. OpenAI relies on Vera Rubin, Nvidia's most advanced compute system, for training capacity.

Jensen Huang: AI labs 'growing faster than their balance sheets'

Nvidia CEO Jensen Huang posted on X: 'Frontier AI labs have extraordinary demand for training and inference compute, but many are growing faster than their balance sheets and long-term credit profiles can support. They may have strong customer demand and rapidly growing revenue yet still lack the decades-long infrastructure contracts and investment-grade financing capacity needed to secure the AI factory infrastructure independently.'

Cantor: deal signals 'elongated and durable' AI investment cycle

Cantor analysts reiterated a buy rating on Nvidia and wrote that the deal is 'a clear signal that the current AI investment cycle will be elongated and durable.' They described Nvidia's capital deployment as 'less circular and more facilitating the coming AI buildout while creating additional competitive moats.'

Nvidia FCF $48.5B; equity holdings $30.2B; $80B buyback

Nvidia's quarterly free cash flow reached $48.5 billion in the latest period — up 18-fold over three years, following 12 consecutive quarters of revenue growth above 55%. The company holds $30.2 billion in marketable equity securities (up from $12.9B a year earlier) and in May 2026 announced an $80 billion stock buyback and raised its quarterly dividend to 25 cents per share.

$500B Wall Street GPU financing pact announced week prior

One week before the Ohio data center commitment, Nvidia announced a memorandum with leading Wall Street firms to pursue $500 billion in financing for Nvidia GPUs — positioning Nvidia hardware as a financeable asset class. Jensen Huang made the announcement alongside six Wall Street financiers at CNBC.

$105B credit financing confirmed via SEC filingrevised

Official SEC disclosure confirms Nvidia will provide up to $105 billion in credit to SB Energy for the Ohio data center buildout — the finalized figure, revised down from earlier CNBC-reported $250B backstop discussions and WSJ's estimate of less than $120B. Earlier reporting had indicated approximately $100B.

$1.5B Nvidia equity stake in SB Energy

Nvidia will invest $1.5 billion directly in SB Energy, securing its role as the exclusive compute supplier at the Ports-Pike data center. SoftBank and OpenAI are existing SB Energy investors; SoftBank had previously held $5.8 billion in Nvidia stock, sold in November 2025.

4.25 GW initial → 8 GW total; 20-year OpenAI lease starting 2028

The facility will begin at 4.25 GW of compute capacity with an option to expand by an additional 3.75 GW, for a potential 8 GW total. OpenAI holds a 20-year lease; capacity is expected to come online in phases starting in 2028.

$33B natural gas power plant on former DoE nuclear site

SB Energy will build a 9.2 GW natural gas power plant at the PORTS-Pike campus, estimated at approximately $33 billion in cost — reflecting a 66% rise in natural gas plant costs over the past two years. The site previously enriched uranium for the U.S. nuclear arsenal and Navy submarines.

PORTS-Pike campus, Pike County, Ohio; Sam Altman early SB Energy investor

The data center is located at the PORTS-Pike Technology Campus in Pike County, Ohio. Sam Altman was an early personal investor in SB Energy. SoftBank and OpenAI are existing SB Energy investors.

35,000 construction jobs; 2,500 long-term positions by 2032

OpenAI said the PORTS-Pike data center project will support approximately 35,000 new construction jobs through 2032 and 2,500 long-term operational positions at the campus.

Greg Brockman: compute is 'the new oil'

OpenAI president Greg Brockman told CNBC's Squawk Box: 'Compute is really becoming the new oil, the new limited resource of the AI age.' Brockman described compute as a 'fundamental resource' for the entire AI industry.